Investec profits up 13.3% on strong lending

Specialist bank and asset manager Investec on Thursday announced a 13.3% increase in first-half profit.

Its lending unit was especially robust.

The company also announced some management changes.

The Money Show’s Bruce Whitfield interviewed Stephen Koseff, CEO of Investec.

Scroll down for quotes from the audio below.

We are in a better position than we’ve ever been.

Stephen Koseff, Investec CEO

The upper end in South Africa is still very healthy.

Stephen Koseff, Investec CEO

The SARB is worried about inflation and acting pre-emptively. A quarter of a percent is neither here or there.

Stephen Koseff, Investec CEO

The rand is an emerging markets and commodities problem. It’s not South Africa that is the issue.

Stephen Koseff, Investec CEO

We can fix a lot of problems by privatising key state-owned assets.

Stephen Koseff, Investec CEO

Transformation is about education.

Stephen Koseff, Investec CEO

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Taxpayer? Got R3 billion? The EFF wants you to save the gutted VBS Mutual Bank

Taxpayer? Got R3 billion? The EFF wants you to save the gutted VBS Mutual Bank

A better option to serve black interests, says Warren Thompson, is Patrice Motsepe’s TymeDigital. It won’t cost taxpayers a cent.

Punch-drunk taxpayer? What Minister Tito Mboweni has up his sleeve for us all

Punch-drunk taxpayer? What Minister Tito Mboweni has up his sleeve for us all

Punch-drunk taxpayer? Bonang Mohale (BLSA) and Russel Lamberti (Econometrix) on what Minister Tito Mboweni has up his sleeve.

[Watch] Chinese SUV maker Haval has advertising far worse than its cars

[Watch] Chinese SUV maker Haval has advertising far worse than its cars

Advertising expert Andy Rice slams the ever-improving Chinese SUV maker for its cheap and nasty advertising.

My milkshake brings all the boys to the yard! - Nando's

My milkshake brings all the boys to the yard! - Nando's

Damn right its better than yours! Ad guru Andy Rice loves Nando’s epic new billboard promoting its delicious looking milkshakes.

2 red-hot JSE-listed shares to buy, right now (by Ashburton)

2 red-hot JSE-listed shares to buy, right now (by Ashburton)

The Money Show’s Bruce Whitfield interviews Suvasha Kander, a Fund Manager at Ashburton.

'I’ve never invested in the stock exchange. I know it too well'

'I’ve never invested in the stock exchange. I know it too well'

Bruce Whitfield interviews Prof Lorenzo Fioramonti (UP) about his attitude toward money (hopes, fears, successes, failures, etc.).

Popular articles
[WATCH] Can you do the Thuso Phala and Vosho as well as this little boy?

[WATCH] Can you do the Thuso Phala and Vosho as well as this little boy?

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

'I’ve never invested in the stock exchange. I know it too well'

'I’ve never invested in the stock exchange. I know it too well'

Bruce Whitfield interviews Prof Lorenzo Fioramonti (UP) about his attitude toward money (hopes, fears, successes, failures, etc.).

Feasibility study for Gautrain expansion completed but no approval yet

Feasibility study for Gautrain expansion completed but no approval yet

MEC for Transport Ismail Vadi says the feasibility study has been submitted to Treasury for consideration and formal approval.

Magashule has never taken responsibility for anything says Mxolisi Dukwana

Magashule has never taken responsibility for anything says Mxolisi Dukwana

Dukwana accuses Magasshule of taking him to Saxonwold and asking him to sign a project over to the Guptas for R2 million a month.

Judge in Omotoso case dismisses defence application to recuse himself

Judge in Omotoso case dismisses defence application to recuse himself

Judge Mandela Makaula has dismissed the defence application saying it has no merit.

'As long as I'm mayor, I'm not going to sit back and watch criminals take over'

'As long as I'm mayor, I'm not going to sit back and watch criminals take over'

City of Johannesburg Executive Mayor Herman Mashaba says criminals cannot be allowed to threaten service delivery in the city.